"We are in a bubble." The President said it all campaign. The stock market, interest rates, unemployment. He was right then, but it was Obama's bubble at the time. Now it's his, and it's NOT his fault.
See, all along during the campaign the geniuses in the financial main stream media kept parroting the same lines about how President Trump would be the death of the markets and economy, putting an end to the "expansion" (LOL) we had the last eight years. We kept hearing it all the way until election night when the DOW sold off 800 points and became a self fulfilling prophecy.
Then somehow in the few hours until morning a new paradigm had emerged, Trump is great for the markets! Suddenly he was the reason for a new bull run. His policies, in a fair valued market, certainly would be great for the economy.
President Trump was going to lower taxes (good), income taxes (good), business taxes (good). Renegotiate trade deals (good), repatriate capital (good). Repeal Obamacare (good). Eliminate waste, fraud and abuse.
The middle class bought in and bought stocks. The DOW went up 3,000 points in optimism. But the President, as great as his ideas are, is not a dictator. He cannot make these policies happen over night, and he has literally everyone (including his own party) standing in the way.
So now that the middle class bought in and bought stocks, the real unwinding can begin - in debt, in stocks in bonds in real estate. The powers that be can now fleece the middle class again and deflate these bubbles for their own benefit, and guess what? They can blame it all on President Trump! Win-win for them and lose-lose for us.
